Everything posted by STFU
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Admin by Oct 16th - It's here now!
That feels inevitable and I imagine there will be a few skeletons will fall out of the cupboards along the way. All these people involved with claims of having the club at heart but couldn't work together over the years to ensure the club never ended up where it is today. I don't imagine that will change but I do hope personalities don't get in the way of getting through this without any more pain than is necessary.
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Admin by Oct 16th - It's here now!
Scott Young may be least to blame of the directors but I don't think he was a dissenting voice given the fact it was him who signed both the charges on behalf if the board giving Ross Morrison pretty much full claim on all the club assets. Nice guy but it would seem equally gullible.
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Annan @ Home Oct 19th 2024
The post that proves the point. You talk as if it's the responsibility of the entire city to provide circa 1500 people with a football match every couple of weeks. Do you also donate/attend and expect everyone else to donate/attend the rugby club, shinty club, athletics club, cinema, sports centre, rollerbowl, bmx park, golf courses, go kart centre, climbing centre, trampoline park gyms, whin park, bellfield park, etc to ensure they remain open? What makes ICTFC so different and special to the extent that the whole city is responsible for it?
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Admin by Oct 16th - It's here now!
Booing or expressing displeasure at a player/manager/officials ability is not abuse and painting it as such is just another example of how matchdays (not just ours) are being continually sterilised. We have had incidents in the past where those shouts have crossed the line and become threatening or involved family members, sexuality, race etc and that's when it becomes abuse and unacceptable. I've not personally heard anything like that aimed at either DF or CF.
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Fans' Meeting: Saturday 19 October
I genuinely worry for Scott Young as he looks like a man on the verge of a breakdown. He joined the board with a genuine desire to improve the relationship between the fans and the club and has found himself front and centre in having to deal with the fallout of the actions of the rest of the board many of which have abandoned ship. I'm not the touchy feely type, but during the meeting today I just wanted to give him man hug and tell him none of this is on his shoulders. He stood in stark contrast to Christie who knows he can go back to his academy and centenary club positions and presented as way more 'relaxed'. Too many good people will suffer from this and that is the hardest thing.
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Admin by Oct 16th - It's here now!
It's all starting to sound like a load of sentimental tosh. A couple of months back most people would have been happy to aee Ferguson booted but now the circumstances have changed and he's likely to depart due to administration instead of his own incompetence we have people trying to defend him. I don't hate Ferguson. He should never have been given the job in the first place and the way he sets out the team and tactics is enough to me the eyes bleed but appointed he was and responsibility for that lies elsewhere. Paying for overnight stays before away games and the even more bizarre scenario of him providing players petrol money and whatever is all about him protecting his image because he knows he'll be looking for another job very shortly. For the majority of managers and players this is a job and the whole claiming allegiance to the club etc is just to keep us as mug fans on side. Ferguson is not working for free and his wages will have been deferred. When administration happens he'll be top of the list for payment of that money. He claims to be paying player petrol etc. but see my comment on another chat thread as to why that's just BS and I imagine he's covering his boys costs and overplaying the situation. I don't hate Ferguson but he's playing the situation to ensure he remains employable once he's shown the door with us. Did he have to pay these things? No, but it makes him look good and as fans we are daft enough to praise him for it. I'm more concerned for the few staff behind the scenes who have shown real commitment to ICTFC. So let's stop with the 'aww poor Ferguson' bs. He may have been sold a pup by the **** Scot Gardiner and delusional Ross Morrison, but he will be far from the biggest loser in the chit show that we have become in the last 6 or 7 years. Ultimately he is a part of the problem even if he's not the cause of it.
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Annan @ Home Oct 19th 2024
All the ones that the rest of the population of Inverness choose to do instead?
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Annan @ Home Oct 19th 2024
The fact the players managed to perform sufficiently to take a win today speaks volumes for their individual character.
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Annan @ Home Oct 19th 2024
ICTFC is no more entitled to custom from the people of Inverness than any other entertainment provider and it is total arrogance to think otherwise.
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Next ICT Manager
I'm a little confused by this. Is the intimation that the club should be paying for players petrol and basic costs in addition to their salary and accommodation/bills and because they're not then Ferguson should be hailed as a hero for doing so? Sounds to me like some players are just really bad at managing their money and acting super entitled. I'd kill to be earning £400 a week and have no accommodation/bills to pay for.
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Admin by Oct 16th - It's here now!
I'm told it means nothing. Will have been security for old borrowing or an overdraft with the bank. Likely removed as it's no longer valid. Could be part of a tidying up process ahead of administration.
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Admin by Oct 16th - It's here now!
Reckon it's @Jack Waddington and the Kessock Bridge Layby Krew.
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Admin by Oct 16th - It's here now!
- Admin by Oct 16th - It's here now!
Anderson (£1.2 million guy) has withdrawn interest. That means the only ine we know about who may still have an offer on the table is Makwana. If any offer is contingent on having more shares than are currently available then the board will need an AGM/EGM to alter the share structure to allow it. We know we don't have the funds to see us through the time necessary for that to happen which means administration is all but a certainty.- Admin by Oct 16th - It's here now!
Povlsen took one look at us and ran away. He already owns clubs in Denmark and Portugal so the multi club excuse (if true) would have been to get him out the door. I find it sad and pathetic that we have fans begging people with money to come in and throw it at the club for no good business reason. What's worse is that I suspect that will be the approach of the 3 remaining directors. Fyfes bizarre senile grandad like speech about the community department during the fans meeting is testament to that. Povlsen is not coming back to the table and we're seeing in Makwana and Anderson the type of interest we're able to muster.- Admin by Oct 16th - It's here now!
There's no way for any new investor to get sufficient shares to take them anywhere near the 50+% point without them also obtaining already issued shares. New shares could be created but that would require an AGM/EGM approval. It would also require a devaluing of shares to allow it to happen for £1.2 million. All of that is doable but the board themselves do not have the authority to accept an offer on that basis and with so many competing egos involved it's far from a certainty. If director loans are also to be converted to shares then it all gets even more ridiculous and complicated.- Admin by Oct 16th - It's here now!
I agree with all you say but there are insufficient shares available to purchase without them being sought from those who already own them and the board cannot give any guarantee on acquiring those to provide the 50.45% (nearer 56% when you factor in the supporters trust voting right). Put simply it's not an offer the board are able to accept even if they wanted to unless they already have written agreement on transfer of shares from existing shareholder/s to a new investor.- Admin by Oct 16th - It's here now!
When asked by The Press and Journal to sum up Gardiner’s time with Caley Thistle, Morrison said: “Was he perfect? 100% no. “Are you perfect? I’m not, not a chance, I couldn’t run a football club." We learned that the hard way.- Admin by Oct 16th - It's here now!
The thought of our remaining three directors conduct talks with potential investors over the future of the club fills me with fear. These are some of the same people who wanted to hand the keys to Makwana.- Admin by Oct 16th - It's here now!
I don't see how they could get to the required 50.45% shareholding the offer requires without others giving up/gifting their shares. On that basis the offer may have been a non starter.- Admin by Oct 16th - It's here now!
And that's only the stuff he could safely print given threats of legal action being flung around. Gardiner is an absolute fantasist.- Admin by Oct 16th - It's here now!
There are also a few conversations on social media where people who have donated to the fund believe that if it does not reach the £200k their donation will be refunded. If we roll back to 7 weeks ago we were told that the club had been saved from administration and a lot of fans bought season tickets and merchandise on the basis of that assurance. We were then told that the club needed £200k by 16th October to prevent administration and then it was strongly intimated that even with £200k administration was still very likely. It was then spun that the crowdfunder would somehow help get the club through administration because it would add to the money the club already has in the bank. I took the first instance at face value and purchased a season ticket but the crowdfunder and accompanying narrative was a huge red flag so I haven't contributed. Fool me once etc. Absolutely no detail was given during the fan meeting which was little more than a 'we're all in it together' PR exercise which leaned heavily on rallying everyone behind a dislike of Gardiner. Savage said in the press that fans deserved to know everything 'warts as well' but we've barely been given sight of a prawn mayo stain on a boardroom tie. Have we had full honesty? I don't believe so and I suspect there's a lot being kept under wraps to protect directors (present and recently departed) from legal accountability. If we're being real there's not a single person who's going to put £3.5 million in to clear debts and another £1.5 million to get to end of the season. Why would they when they can wait for administration and 'buy' the club for a fraction of that price? Administration is inevitable and what we need to hope for is getting through that and having someone both willing and able to run the club on the other side.- Livi away 12th Oct2024
No we drew as Ferguson doesn't pay any attention to penalties in the same way as he doesn't pay attention to league tables. Is it a midweek replay?- Administration impact
If I'm understanding it right by making satisfying football debts a condition of retaining league membership the administrator then has to prioritise it because a club without league membership is worthless. League membership is treated by the administrator as an asset with conditions attached. Also as I understand it the remainder of player/manager/coach contracts are not a debt and it's only any outstanding wages that fall into that category. Based on the information we have that is all up to date with the possible exception of Ferguson as we don't know if he's deferring wages. If he is then that's a debt that will need paid.- Surviving a 15 point penalty?
Not a question that can be answered until we see the impact on the football personnel/players as a result of administration. - Admin by Oct 16th - It's here now!
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